$159,990
2 Bed 2 Bath Waterfront Condominium for Sale in MERMAID CONDO, FL
806 SE 46th Street 1E, Cape Coral, FL, 33904
About this home
Anglers and Boaters will enjoy the Florida Lifestyle at Mermaid Condo! Well maintained one level, ground floor 2/2 condo with access to the Caloosahatchee River and Gulf of Mexico by boat or a short walk / drive to Downtown Cape Coral Entertainment District in minutes. First floor condo with amazing waterfront southern exposure showcasing the Malaga Canal and a massive waterfront crystal clear pool and tanning deck are a mere 15 steps away. Full wall patio sliders that invite that soothing Florida sunlight help blur the lines between interior and exterior Florida Lifestyle. Large screened and windowed lanai can be used all year round with amazing panoramic waterfront and pool view. Impeccable fully applianced kitchen features impressive Corian counter space and a large pantry. Private master bedroom with large patio sliders showcasing waterfront plus a master bath that rivals a 5 star spa. Spacious Walk in master closet. Generous second bedroom and full bath. Convenient in residence Washer / Dryer closet. Tons of closet space, 8x8 storage room and an additional storage closet at an assigned covered parking spot just 25 steps from front door. New Roof in 2023. New AC 2021. New Fuse Panel 2024. Replumbed 2021.Property feature boat docks that can accommodate up to 25' boats available on a first come...first serve basis. Surrounded by beautifully manicured tropical landscaping.
Property details
- Type
- Condominium
- Year built
- 1979
- Interior
- 1,199 sqft
- Lot size
- 7,562.016 sqft
- Acreage
- 0.17 acres
- Garage
- None
- Days on market
- 51
- Total association fees
- $6,000/yr (~$500/mo)
- CDD
- None
- Est. taxes (1.4%)
- $2,240/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- South
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — no bridges
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- New construction
- No
- Pets
- No
- County
- Lee
Total association fees sums the core association dues the MLS feed provides (HOA, condo/master association, and land lease), normalized to a yearly figure. These are separate from and additional to specialty charges — mandatory club or food-and-beverage minimums, special assessments, and rec-lease fees — which the IDX feed does not carry. Always confirm the full fee schedule with the HOA or listing agent.
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Amenities
Flood risk shown is an area-level estimate and can differ from a specific unit's actual FEMA designation (which varies by structure and elevation). Look up this address on the FEMA Flood Map and verify with a licensed insurance agent before relying on it.
Based on the $/sqft of 9 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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Recently sold nearby
Closed comparable sales within ~1 mile in the last 12 months — similar price, size, beds/baths, and age.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 806 SE 46th Street 1F | Jun 2026 | $158,000 | 2/2 | 1,199 | $132 |
| 834 SE 46th Street A1 | Apr 2026 | $150,000 | 2/2 | 1,148 | $131 |
| 834 SE 46th Street 1C | Jun 2026 | $161,000 | 2/2 | 1,158 | $139 |
| 920 SE 46th Street 1 | Jun 2026 | $179,000 | 2/2 | 1,101 | $163 |
| 1016 SE 46th Street 203 | Mar 2026 | $165,000 | 2/2 | 1,187 | $139 |
| 4534 SE 5th Place 11 | Jun 2026 | $162,000 | 2/2 | 1,026 | $158 |
| Average | 6 comps | $162,500 | $144 |
Market trends — Cape Coral
Median of closed MLS sales each month over the available window. Months with too few sales are omitted; the range extends automatically as more sales close.
Live area medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $20,990 (12.3%) from the original list price.
| Oct 14, 2025 | Sold | $149,000 |
| Aug 29, 2025 | Price reducedfrom $169,990 | $159,990 |
| Aug 4, 2025 | Listed | $169,990 |
The good, the trade-offs & the location
- Gulf access (Direct — no bridges)
- Built 1979 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
- No garage listed
- 55+ age-restricted community
Straight-line distances to major SWFL amenities — approximate; actual drive times vary.
Nearby schools
Get more information on their programs, scores, and extracurriculars on each school's page · browse the full schools directory.
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Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.